Tag : insolvency
Retail insolvencies hit five-year highSubscription
More than 1,200 retail businesses entered insolvency in the last year – the highest number in five years.
Company administrations reach five-year high Subscription
The number of companies going into administration at the start of 2019 climbed to the highest level in five years, new research has found.
Retail insolvencies jump 9% Subscription
The number of retailers going insolvent increased by 9% year on year in 2018, new research has found.
Administrations, company voluntary arrangements (CVAs), credit insurance cuts and factories demanding upfront payments are all putting unbearable pressure on suppliers in an already-stretched market, industry sources have told Drapers.
Retail insolvencies jump 7% year on yearSubscription
The number of retailers entering insolvency has increased by 7% in the past year, research by law firm RPC shows.
Millie Mackintosh label falls into liquidationSubscription
Reality TV star Millie Mackintosh has appointed liquidators for her namesake fashion label.
Nearly a fifth (19%) of clothing retailers in the UK are showing “early warning signs” that they are at risk of going insolvent, according to accountancy firm Moore Stephens.
Laurèl 'back on track' following insolvency exitSubscription
German womenswear brand Laurèl is “back on track” following its exit from insolvency in September, CEO Dirk Reichert has said.
Blue Inc hit by £16m losses before CVASubscription
Troubled young fashion retailer Blue Inc was struck by mounting losses in the months before it filed for a company voluntary agreement (CVA).
Yorkshire-based menswear retailer Greenwoods has gone into administration amid a “challenging time” for UK retail.